Demand draft is a negotiable instrument issued by a certain Bank that directs the other Bank or one of its own branches to pay a certain sum of money to the payee. In the case of demand draft there are two parties involved in it, one is drawer(Bank or any financial institution), and the other is payee (to whom the amount is transferred). It is used for transferring money from one place to another and it cannot be transferred by a mere hand delivery.
|S.No.||Demand Draft Value||Commission|
|1||DD commission upto Rs .10000/-||Rs.20|
|2||Above 10000 for every Rs 1000/- commission||Rs 2/-+ GST(As Applicable)|
|3||DD cancillation charges :||Rs 100+ GST(As Applicable)|
|4||Duplicate DD issued||Rs 91+GST(As Applicable)|